Market Overview: WAXPUSDT (WAX/Tether) Gains Momentum Amid Rising Volatility

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 4, 2026 10:01 pm ET1min read
USDT
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WAXP
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Aime RobotAime Summary

- WAX/Tether (WAXPUSDT) rose 1.24% after breaking above key 0.00815 resistance with bullish engulfing patterns.

- Strong late-ET volume confirmed upward momentum as RSI surged into overbought territory (68+), signaling short-term exhaustion.

- Bollinger Bands widened from 0.000025 to 0.00006 range, reflecting heightened volatility during the 0.00007 (0.9%) channel break.

- Price may consolidate near 0.00825-0.00827 as overbought conditions unwind, with risks of pullbacks if RSI dips below 50 or volume contracts sharply.

Summary
• Price of WAX/Tether advanced with a 0.00009 (+1.24%) 24-hour range breakout.
• Strong volume expansion occurred during late-ET hours, confirming upward momentum.
• RSI surged into overbought territory, signaling potential near-term consolidation.
• Price tested and cleared key resistance at 0.00815, suggesting bullish follow-through.
• Bollinger Bands widened, indicating increased volatility as a 0.00007 (0.9%) channel break unfolded.

24-Hour Summary


WAX/Tether (WAXPUSDT) opened at 0.0081 on 2026-01-03 12:00 ET and closed at 0.00819 at 12:00 ET on 2026-01-04. The pair reached a high of 0.00829 and a low of 0.0081, posting a 0.00009 (+1.24%) gain. Total traded volume reached 13,429,384.0, with notional turnover amounting to USD 109,838.60 over the 24-hour period.

Structure & Key Levels


Price formed a bullish breakout from a tight consolidation range, breaking above 0.00815 resistance with a bullish engulfing pattern in early-ET hours. The 0.00813–0.00814 range previously acted as a support level turned dynamic support during retracements. A strong 38.2% Fibonacci retracement level at 0.00816 was confirmed as support before a final push to 0.00829.

Momentum & Volatility


MACD crossed into positive territory mid-day and surged sharply in the afternoon, aligning with a breakout. RSI hit overbought levels above 68, signaling short-term exhaustion. Bollinger Bands widened from a tight 0.000025 range to over 0.00006, reflecting a surge in volatility.

Volume and Turnover


Volume spiked in the 4–7 PM ET window, coinciding with the price breakout above 0.00815. Turnover also increased sharply, showing strong buyer participation. A divergence appeared between volume and price during the 1–3 AM ET consolidation phase, suggesting some profit-taking but not a reversal.

Outlook and Risk


Price may consolidate near 0.00825–0.00827 over the next 24 hours as overbought conditions unwind. A retest of 0.00815 could offer a high-probability entry for bulls. Traders should remain cautious of a pullback if RSI dips below 50 or if volume contracts sharply.